Stock Watch 10.13.11 ” SPY High”
The market is mad and so are stocks. This has been one massive bear market rally that may ultimatle turn in to a bull market rally. The risk to reward doesn’t favor going heavy to the long side so sell the spikes and buy the dips until that strategy doesn’t work. also, this is a good time to build a short list of broke trashy Chinese stocks that are on borrowed time.
Wednesday trades TNA +40 YOKU +105 GTIV +150 CBOU +50 Total +350.
* Holding swing shorts in GENE GLGL and MSHL
Watchlist MELA ACUR TAYD LAS TOPS